When people think about real estate, spring is the season that usually comes to mind. However, here in Calgary, August might just be one of the best times of year to buy a home. The pace of the market changes, inventory looks different, and buyers gain opportunities that aren’t always available during the competitive spring rush.
If you’ve been considering purchasing a home in Calgary, here’s why August could be your sweet spot:
- Less Competition: Spring and early summer are notorious for bidding wars in Calgary. Families want to settle before school starts, and inventory often gets snapped up quickly. By August, the market cools down. With less buyers to compete with, you will have more time to make a decision without feeling the rush at jumping at the first home you find.
- Motivated Sellers: Many sellers list earlier in the year hoping for a quick spring or summer sale. By August, they’re getting angsty. They will be wanting to close before the busy fall season starts, eager to finalize everything before the cold strikes, and ready to be rid of carrying the cost of their property. Their anxiety to get their home sold means you have more leverage on price, possession date, and even requesting extras.
- A True Picture of the Neighborhood: Calgary comes alive in the summer months, and August is a perfect time to get an authentic feel for a community. You can see how busy (or quiet) streets really are, experience local parks, pathways, and amenities while they’re bustling, and check commute times in real-world conditions. Buying when the city is active helps ensure you’re choosing a neighborhood that fits your lifestyle year-round.
- Time to Settle Before Winter: Moving in Calgary during a blizzard? Not ideal. Purchasing in August means you can move in before snow and ice complicate things, you’ll have time to do any outdoor projects (landscaping, decks, exterior painting) before the cold sets in, and you can enjoy your new home during some of the city’s best fall weather and be fully settled by the holidays.
While spring gets all the buzz, August is a golden opportunity for Calgary buyers. Are you ready to make your move? Contact Ken Richter directly today at Ken@KenRichter.com or 403-630-6363.
(Image via Canva)
Posted by Ken Richter on
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